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New Mexico’s unemployment rate rose to 4.7% in February, putting the state above the national jobless rate of 4.4%.
The increase comes from data released by the New Mexico Department of Workforce Solutions. The state rate climbed from 4.1% in 2025 to 4.7%.
Across the country, the unemployment rate was about 4.4% in February. That is an increase from 4.2% last year.
The gap between the state and national rates suggests New Mexico’s job market is cooling faster than the national average. Employers and workers may feel the effects if the trend continues.
State officials said they will watch upcoming reports closely to see if the rise is temporary or part of a longer trend.
Monthly updates will show whether the unemployment rate holds, rises, or falls. Those numbers will shape decisions by businesses and leaders in the coming months.
